CBOT WHEAT :Bullish structure

Discussion in 'Commodity Futures' started by BORAMOR, Mar 16, 2021.

  1. BORAMOR

    BORAMOR

    Bullish structure, today's low is a key support.

    wheat may21 daily.png
     
  2. maxinger

    maxinger

    It is extremely important to show when the uptrend started.

    You failed to show that the uptrend started in Aug 2020.


    Now it seems more like ranging though there is a slight upward bias.
    Hammer and hand and arrow will not push the price higher.



    many other soft commodities exhibit a similar pattern.
     
  3. maxinger

    maxinger

    down it goes to 627.
     
    .sigma and tayte like this.
  4. tayte

    tayte

    USDA supply/demand outlook has fair value at $5.00/bu by harvest.
     
  5. maxinger

    maxinger

    and down it goes to 613.


    It is time for the OP and ADFC Eagle to review
    why that hammer, up arrow, support line, hand symbol, up channel ....
    failed to push the price up.

    Did they comprehend what is happening to the various crops
    like corn, soya, wheat, palm oil ....

    Did they comprehend the weather forecast?

    Did they comprehend the trade war thing ?

    Did they know how to do the technical analysis correctly?

    etc etc etc

    You cannot draw a few lines here and there and expect
    to earn tons of money.
    There are much more things you need to do.


    As such,
    I'd give a Thumps down to the first post.
     
    Last edited: Mar 26, 2021
    Zor_Champ and tayte like this.